HAL Archives - Equichain Wealth Advisors

Wall Street: TESLA & NETFLIX was down after result, NASDAQ & S&P500 ended down by 2.05% & 0.68% respectively. DOW30 ended in green with 0.47% gains.

INFY Q1FY24 result in-line with estimate, revised revenue guidance downward to 1% – 3.5% from earlier 4% – 7%. INFY ADR down by 8.5% overnight, expect to open with deep cuts.

RELIANCE will come out the result today. LT result on 25-Jul-23 will consider Buy-back and special dividend and record date for same will be 2-Aug-23.

F&O data: FII added 11091 contracts in index futures, net long position for FII is now above 1 lakh contracts in index futures, net long position now stands at 70.68%.

Approach on Indices: GIFT Nifty indicate down opening due to INFY & other IT stocks could remain under pressure, Nifty @ 19697 & Banknifty @ 45110 could act as support level in case of any correction. Banknifty will continue to outperform.

GIFT NIFTY @ 19880 Vs 19967 Nifty future previous close at 8:05 AM

Click on the attachment to read the full report:

21-Jul-23 Daily-Report.pdf

RBI kept repo rate unchanged at 6.50%. Governor Das: Inflation still above target. RBI MPC maintain stance – Withdrawal of Accommodation.

Wall Street gained as tech stocks led the rally as Dollar index cooled-off and volatility in U.S. is below pre-COVID level. Market now focused on U.S. inflation data and US Fed meeting next week.

RBI lowers FY24 inflation target at 5.1%, aims at 4% target. GDP growth forecast at 6.5% for FY24.

F&O data: FII were net seller by 4542 contracts in index futures, Nifty PCR @ 1.05 Vs 1.37 previous. Banknifty PCR @ 0.77 Vs 0.95 previous

Approach on Indices: Nifty remain in uptrend above 18619 & Banknifty could gain momentum above 44360. Yesterday’s correction can be considered as consolidation and due to weekly option expiry.

SGX Nifty @ 18755 up 34.50 points at 8:15 AM

Click on the attachment to read the full report:

9-Jun-23 Daily-Report.pdf